š¢Justin Sun questions Poloniexās transparency
ā Justin Sunās recent criticism of wrapped Bitcoin ā cbBTC, launched by Coinbase, and his statement that exchanges not implementing āproof of reservesā (PoR) are non-transparent, might backfire on the businessman himself.
ā”ļø According to Protos, CEX Poloniex, owned by Sun, still refuses to disclose BTC reserves for its popular product Bitcoin on Tron (BTCTRON), which has a market cap of $6.7 billion.
ā”ļø At the same time, BTCTRON represents over half of all BTC on another of Justin Sunās exchanges, HTX, further undermining his attacks on the competing cryptocurrency.
